Bank Of China
Bank of China (BOC), one of the oldest and most prestigious financial institutions in China, was founded in 1912. Headquartered in Beijing, CN, BOC operates extensively across Asia, Europe, and the Americas, providing a wide range of banking and financial services. As a key player in the banking industry, BOC offers services including corporate banking, personal banking, investment banking, and wealth management, distinguished by its strong international presence and comprehensive product offerings. With a commitment to innovation and customer service, Bank of China has achieved significant milestones, including being one of the first Chinese banks to establish a global footprint. Its market position is reinforced by its ranking among the largest banks in the world, making it a trusted partner for both individual and corporate clients seeking reliable financial solutions.
DitchCarbon Score
How does Bank Of China's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of China's score of 30 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of China's reported carbon emissions
In 2023, Bank of China reported total carbon emissions of approximately 1,594,093,000 kg CO2e. This figure includes 84,740,000 kg CO2e from Scope 1 emissions and 1,509,353,000 kg CO2e from Scope 2 emissions. Additionally, the bank's Scope 3 emissions were recorded at 6,466,000 kg CO2e, specifically from waste generated in operations. Over the past few years, Bank of China has shown a trend in its emissions data. In 2022, the total emissions were about 1,537,546,000 kg CO2e, with Scope 1 and 2 emissions contributing 74,899,000 kg CO2e and 1,462,647,000 kg CO2e, respectively. The bank's emissions in 2021 were similar, totalling approximately 1,534,060,000 kg CO2e, with Scope 1 at 79,309,000 kg CO2e and Scope 2 at 1,454,751,000 kg CO2e. Despite these figures, Bank of China has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the banking sector. The bank's emissions intensity per full-time equivalent (FTE) has been reported at around 5,020 kg CO2e in 2023, indicating a focus on measuring and potentially improving operational efficiency. Overall, while Bank of China has made strides in tracking its emissions, the lack of defined reduction strategies highlights an opportunity for enhanced climate commitments in the future.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 88,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,498,463,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of China is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
